-Down to Earth   Demand Minimum Support Price of above Rs 2,000 per 100 kg; say present MSP does not meet even cost of cultivation Maharashtra government has recently announced the Minimum Support Price for wheat at Rs 1,400 per quintal (100 kg). The decision has not gone down well with either the farmers or the agriculture department. Farmers in the state have questioned the rationale behind this low MSP, saying that such...

-Live Mint   If anything, the UPA has been punished by the voters for moving away from its core agenda of entitlement-based politics The victory of the Bharatiya Janata Party (BJP) in the 2014 elections will remain a watershed moment for Indian democracy in many ways than one. Coming at a time when the economy is in a serious mess, the victory of the BJP and the defeat of the Congress party and...

-The Business Standard   Or, why our subsidy and tax policies have been almost exactly wrong Thomas Piketty's seminal book on inequality, Capital in the Twenty-First Century, comes at a fortuitous time. Although inequality has been a well-discussed issue in India for some time now, the success of the book contributes by sharpening the debate. It complements the McKinsey Global Institute's (MGI) report titled "From poverty to empowerment: India's imperative for jobs, growth,...

-The Business Standard   Badly structured insurance leaves Indian farmers exposed Ever since its inception in the early 1970s, agricultural insurance has defied all attempts to make it farmer-friendly and economically viable. Over half a dozen different models for farm risk management have been tried out, but with little success. The systems currently used - the National Agricultural Insurance Scheme (NAIS) and the Modified NAIS (MNAIS) - were objected to by the Insurance...

-The Hindustan Times   Chandigarh: The government of Punjab has decided to offer a subsidy of 4,000 per acre to motivate farmers to shift from the water-guzzling coarse rice variety (paddy) to the traditional cash crop cotton. In the crop diversification plan, the government has decided to initially support 1,500 acres in Abohar, Fazilka, Malout, Maur and Muktsar. CM Parkash Singh Badal cleared the plan on Monday. The subsidy is for purchasing hybrid...